Gertrud R. Traud: Opportunities instead of Pessimism
Will Germany be crushed in the competition among the world’s major economic powers? Gertrud R. Traud encounters this question time and again. The Chief Economist of Helaba often observes a surprisingly pessimistic underlying sentiment. In this exclusive interview, she explains why she nevertheless sees reasons for optimism and why economic opportunities are often underestimated.
Economics explained clearly
As one of Germany’s best-known economists and the only woman serving as a chief economist, Gertrud R. Traud has been analysing economic, political, and geopolitical developments for many years. Her particular strength lies in making complex relationships understandable and practical. This very ability also makes her a sought-after speaker for companies, associations, and executives.
In our intervi
ew, she talks about her personal career path and why she still describes her decision to study economics as a “bullseye.” She also shares her experiences in a traditionally male-dominated field and explains why she would like to see more women in her profession.
The cards are being reshuffled
Another focus of the discussion is her current annual outlook, which is themed “The cards are being reshuffled”. This covers topics such as the future of the global economy, the consequences of geopolitical conflicts, the stability of the international trade order and how political developments affect companies and markets.
The role of the United States and Donald Trump is also addressed. Traud explains why political decisions are increasingly influencing economic forecasts and analyses, and how the international economic order is currently changing.
Opportunities instead of pessimism
She also discusses the challenges facing Germany's economic policy. Topics such as reducing bureaucracy, tax relief, competitiveness, growth and personal responsibility are as important as the question of what framework conditions are necessary to promote innovation and economic dynamism.
This conversation provides valuable insights into current economic developments, demonstrating why adopting a nuanced perspective on the facts is often more beneficial than fixating on crisis scenarios.